![Burnished TRX [TRON] looks set to scale to new heights- Here’s why](https://i.headtopics.com/images/2023/2/20/cryptoamb/burnished-trx-tron-looks-set-to-scale-to-new-heigh-burnished-trx-tron-looks-set-to-scale-to-new-heigh-1627662608273743873.webp)
TRX’s circulating supply dropped considerably due to an increase in burning activity. TRON’s total value locked climbed back to the pre-FTX levels. TRON [TRX] shared a report on the network’s notable developments that took place in the last week. One of the highlights was the sharp increase in the number of burnt tokens, which surpassed […]
, the number of daily tokens burned spiked 60% from the previous month.
Well, the coin witnessed impressive growth in its DeFi activity as well. According to DeFiLlama, the chain’s total value locked jumped 35% over the previous month. The transaction volume rebounded after a steep decline was observed on 18 February. However, the volume could pick up if TRX continues to show promising figures as far as its burning activity was concerned.TRX’s daily chart looked bullish. At press time, it faced resistance at $0.07108. This level hasn’t been breached in the last eight months. A move past this resistance will solidify bullish prospects for TRX.
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TRON traders facing obstacles at $0.07161 can look to book gains hereDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion TRX’s market structure was bullish but TRX faced a key resistance level. So far, the coin has faced three price rejections at $0.07161. Tron [TRX] hiked by 43% in the past few weeks. It […]
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![TRON outperforms Ethereum [ETH] and Bitcoin [BTC] in this regard](https://i.headtopics.com/images/2023/2/20/cryptoamb/tron-outperforms-ethereum-eth-and-bitcoin-btc-in-t-tron-outperforms-ethereum-eth-and-bitcoin-btc-in-t-1627451212659392514.webp?w=640)
TRON outperforms Ethereum [ETH] and Bitcoin [BTC] in this regardTRX’s TVL has been on an uptrend for quite a few weeks. Metrics and market indicators aligned with the bulls’ interest. TRON [TRX] recently posted a chart that revealed a steady increase in its total number of transactions over the last few months. As per the chart, TRX’s number of transactions has been on the […]
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